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? we'll do the math for you. >>> plus the deficit is shrinking far quicker than thought. are this year's tax hikes actually to blame or is it just a drop in the bucket? we're going to debate it. coming up. do you have ever have too much money? snowed snowed. ♪ . ♪ . melissa: talking of cruising along, have you noticed how much tesla's stock has exploded? check it out as shares have soared 150% so far this year. partly from first quarter profits of 11 million dollars, its first-ever profit. get this, its shares are up 7% after-hours as it announces new offerings of common stock an convertable senior notes. what s really going on. can shares stay this hot? joining me to break this down, "wall street journal" auto columnist, dan neil. this is a company everyone loved to hate before. now everyone loves to love it. let me try to poke a few holes in it to see what you have to say about it. first of all, robert weinstein wrote some critical things about the last earnings report that got this ball rolling and got everybody so excited. they said if you looked at the $96 million that was ge
. the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately, you've grown up hearing voices that incessantly worn the gove
the less washington will ever deal with our problems. like our deficit problems and, that, you say would be the biggest sin, potentially to come of this, right? >> it is unfortunate this is happening. as one was said when it comes to abuse of presidential power, obama's turning out to be the president that nixon aspired to be. i mean, this is really unfortuuate. neil: on a side note, you mention the nixon thing how does this compare to watergate or what you know of so far? way early in the process but some are citing the oddity of this is all 40 years almost to the day of watergate hearings. >> i was a little kid on capitol hill when all of this developed. neil: sure. >> from day to day you didn't know what was going to, shoe was going to fall next and it spread and it spread and pretty soon it was like a whole scenario. neil: i remember, that was supposed to be a left-wing cabal against a republican president. >> so who knows. this is unfortunate there are huge problems facing the country. none of them is being addressed. a lot of cans are being kicked and the budget is more important.
a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less than two hours from extending the win he can street of 18 straight tuesday as the market is on track to finish in record territory yet again. joining me, above pavlick, from banyon partners with his take what he is watching to drive the market higher. bob, thank you so much for joining us. so you say, look there's lots more room to the upside. i don't say that you say a lot of room but there is room to the upside. what is driving the markets right now? we've gone through earnings. the economic date at thaa is so so. by all economic accounts we're drifting but we continue to move higher. >> absolutely. if you
the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the dock department sooner than later. lou: with that characterization we
the city $326 million deficit is expected to grow by another 60 million before the fiscal year ends in june, or raising questions about just how well-funded as detroit's city employee pension funds are to hopefully ease the payments. lori: supreme court ruling in the patent case. relent reject a farmer's case that the soybeans were not covered by the patents. more than 90% use the seeds. closely watched by businesses that hold patents. yum brands taking a hit that they were down in china as a result of the first out rick. this may sales to be down 30%. most 5300 restaurants in china are kentucky fried chicken. the great gatsby was not enough to win this weekend. "iron man 3" tops ticket sales for the second weekend in a row. ghastly opening weekend exceeded expectations. melissa: cominn up in just a minute, we're waiting congressman darrell issa on irs targeting right-wing groups. the scope expanding beyond the tea party. reporting on the documents more than a year ago now that the news is breaking. i am sure he has a lot to say about it. lori: bloomberg apologizing for a part of the snoopi
are hoping for tax reform. we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse. >> i will give you one. it is still another one. if i can quickly push back a little on what david said, i agree. i would also say be careful what you wish for. the specter of a three year lame-duck president does not look that great internationally. i do worry about that angle. >> i am not too worried about what is happening internationally. i think they will basically be just slightly by over the next couple years. it is the economy here that i am worried about. with gridlock, look at what we have been able to get done. the president realizes that he needs more tax income for natu
Search Results 0 to 6 of about 7

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